Rental information site Zumper recently released their monthly National Rent Report showing that their median national rent for 1-bedroom apartments was $1,254 and the median two-bedroom rent was $1,544. Compared to this time last year these figures are up 3% and 4.8%, respectively. Be sure to check out their list of the top 100 metro areas.
“The COVID-19 pandemic has caused one of the largest waves of migration in recent memory. Expensive coastal markets have seen precipitous rent drops as high-income earners eluded strict lockdown orders, while smaller cities not often thought of as destinations experienced population booms that drove up rents.”
Click here to read the full report at Zumper.